By Mauro Libi .- The English term leasing means "lease", it is a lease contract of movable and immovable property by a specialized company to a customer who agrees to buy it at the end of the contract. The small and medium-sized company (SME) has an innovative tool that allows access to machinery, equipment, vehicles and even real estate, without buy them. Through leasing there is the possibility of using a good for a certain period in exchange for a payment of a rent with option to purchase at the end of the contract. This contract will establish that you can or can’t proceed with the purchase, although it is also possible to renew the contract. Similar to other types of credit systems (commercial or mortgage) the client breaks the terms of the contract, the asset ceases to be leased and returns to the leasing company, bank or financial institution The leasing company buys the property in its ...
I am a Venezuelan entrepreneur and chairman of The Libi Group, which groups several companies including the Food Processing Industry, Cold & Macaracuay Service, Inproceca and Frimaca. On my blog, i write about business, entrepreneurship initiatives, market strategies and other topics.